Global Smart Manufacturing Market Size study with COVID-19 Impact, by Information Technology (Human-Machine Interface, Enterprise Manufacturing Intelligence, Plant Asset Management, Manufacturing Execution System, Industrial Communication and Warehouse Management System), by Enabling Technology (Industrial 3D printing, Collaborative robot, IIOT, AI in manufacturing, Machine condition monitoring, Industrial machine vision, Industrial cybersecurity, Digital twin, Automated guided vehicle), by Indu

  • Product Code:
    RP-ID-10321859
  • Published Date:
    17 Jul 2021
  • Region:
    Global
  • Pages:
    200
  • Category:
    ICT & Telecom
  • Publisher:
    Pub-ID-14

Impact Analysis on the Growth of Market

Activating Probable Propositions Amidst COVID-19 Crisis

With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More

The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

Global COVID-19 Impact on Smart Manufacturing Market is valued approximately at USD 174.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2020-2026. COVID-19 is an infectious disease caused by a newly discovered virus called corona-virus. COVID-19 is pushing companies to rapidly operate in new ways, and systems resilience is being tested as never before. Government Stringent rules and regulations enables human workforce to stay at home due to COVID-19 pandemic. Smart manufacturing is computer-integrated manufacturing, high levels of adaptability and rapid design changes, digital information technology, and more flexible technical workforce training. The increasing demand for smart manufacturing products & solution propelled by COVID-19 and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors is the factor responsible for growth of the market over the forecast period. Furthermore, the introduction of new products and services as well as other strategic alliances by market key player will create a lucrative demand for this market. For instance: as per Company’s news release in March 2018, ABB Group introduced smart factory for electrical safety and energy efficiency products in Bangalore, India. The smart factory increases efficiency and flexibility of the manufacturing process by continuous monitoring of the production process through visualization of operational data. However, high investments and costs involved in implementing smart manufacturing solutions is the major factor restraining the growth of global COVID-19 Impact on Smart Manufacturing market during the forecast period.

The regional analysis of global COVID-19 Impact on Smart Manufacturing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to the increased spending on improving performance, security, and economic stability. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:
ABB Group
Cisco Systems, Inc.
Emerson Electric Co.
FANUC
General Electric Company
Hewlett Packard Enterprise
Honeywell International Inc.
IBM Corporation
Intel Corporation
Microsoft Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Information Technology:
Human-Machine Interface
Enterprise Manufacturing Intelligence
Plant Asset Management
Manufacturing Execution System
Industrial Communication
Warehouse Management System

By Enabling Technology:
Industrial 3D printing
Collaborative robot
IIOT
AI in manufacturing
Machine condition monitoring
Industrial machine vision
Industrial cybersecurity
Digital twin
Automated guided vehicle


By Industry:
Process Industry
Discrete Industry

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global COVID-19 Impact on Smart Manufacturing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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ABB Group
Cisco Systems, Inc.
Emerson Electric Co.
FANUC
General Electric Company
Hewlett Packard Enterprise
Honeywell International Inc.
IBM Corporation
Intel Corporation
Microsoft Corporation
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